Close Menu
Free Consultation: 888-976-6111

Stifel Nicolaus Advisor Kenneth Ramos Lands $389K Investor Complaint

A recent investor complaint against New York City financial advisor Kenneth Ramos (CRD# 2553426) alleges, among other things, that he engaged in unauthorized trading. Financial Industry Regulatory Authority records indicate that he is a broker and an investment advisor with Stifel Nicolaus & Company, having previously been registered with Morgan Stanley.

Mr. Ramos’s BrokerCheck report discloses two investor complaints. The most recent, filed in January 2023, alleges that as a representative of Stifel Nicolaus & Company, he executed unauthorized trades, recommended unsuitable transactions, failed to follow the customer’s instructions to sell, and did not explain the risks associated with unit investment trust and structured note products. The pending complaint alleges damages of $389,000.

An earlier investor complaint, filed in 2002, alleged that as a representative of RBC Dain Rauscher, he engaged in unspecified sales practice violations. In 2005 the complaint reached a settlement of $8,000.

A third disclosure on Mr. Ramos’s BrokerCheck report describes his 2017 departure from Morgan Stanley. According to the disclosure, he voluntarily resigned from the firm in connection with allegations he “executed some transactions for non-discretionary client accounts without speaking to the clients beforehand in all cases.”

According to the Financial Industry Regulatory Authority, Kenneth Ramos holds 25 years of securities industry experience. Based in New York City, he has been a broker and an investment advisor with Stifel Nicolaus & Company since 2017. His past registrations include Morgan Stanley (2009-2017), Morgan Stanley & Company (2008-2009), Bear Stearns & Company (2004-2008), RBC Dain Rauscher (2002), and Tucker Anthony (1997-2002). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Alabama, Arizona, California, Colorado, Connecticut, the District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Kansas, Massachusetts, Missouri, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Texas, and Utah. (Information current as of January 29, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Kendal Cann: $50K Complaint Against Privileged Planning Advisor

    Saint Johns, Florida financial advisor Kendal Cann (CRD# 6504618) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial...

    Read More
  • Paul Getty: Emerson, First Guardian Advisor Denies $435K Complaint

    San Mateo, California financial advisor Paul Getty (CRD# 6470002) has received multiple investor complaints alleging that his conduct resulted in...

    Read More
  • Katie Wei: $300K Complaint Against Ameriprise Advisor

    Redwood City, California financial advisor Katie Wei (CRD# 6242083) recently received an investor complaint alleging that her conduct resulted in...

    Read More
  • Bob Chung: SEC Charges Arete Advisor in Fraud

    Chicago financial advisor Bob Chung (CRD# 6208569) was recently charged by the Securities and Exchange Commission in connection with allegations...

    Read More
  • Previous
  • Next